French Regulator Warns Against Four Unregulated Forex Firms
- France's AMF and ACPR warn the public against doing business with these companies.
France’s financial markets regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), today published a list of websites and entities offering investments on the unregulated Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market in France, without authorisation to do so.
The following firms are the latest addition to the list:
www.fxsep.com/SEP Global Ltd
www.marketct.com
www.valtechfx.com/ValtechFX Global Solutions Ltd
www.citybankcfd.com/City Bank CFD
The entities listed above offer their clients a variety of forex services which they do not have the authorisation to provide. It is a popular practice amongst such firms to lure in potential customers with promises of quick profits on the financial markets. Such entities rarely offer appropriate warnings to their clients regarding the inherent risks related to engaging in transactions on the market.
The AMF and ACPR have highlighted the importance of checking that the financial intermediary offering or recommending investments features on the list of financial institutions authorised to do business in France. They are listed at www.regafi.fr.
A list of all unauthorised websites offering investments on the unregulated foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term market is available on the AMF’s website.
France’s financial markets regulators, the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), today published a list of websites and entities offering investments on the unregulated Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market in France, without authorisation to do so.
The following firms are the latest addition to the list:
www.fxsep.com/SEP Global Ltd
www.marketct.com
www.valtechfx.com/ValtechFX Global Solutions Ltd
www.citybankcfd.com/City Bank CFD
The entities listed above offer their clients a variety of forex services which they do not have the authorisation to provide. It is a popular practice amongst such firms to lure in potential customers with promises of quick profits on the financial markets. Such entities rarely offer appropriate warnings to their clients regarding the inherent risks related to engaging in transactions on the market.
The AMF and ACPR have highlighted the importance of checking that the financial intermediary offering or recommending investments features on the list of financial institutions authorised to do business in France. They are listed at www.regafi.fr.
A list of all unauthorised websites offering investments on the unregulated foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term market is available on the AMF’s website.